Southwest Gas Corporation (NYSE:SWX) declared a quarterly dividend on Monday, November 13th, RTT News reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.495 per share by the utilities provider on Thursday, March 1st. This represents a $1.98 dividend on an annualized basis and a yield of 2.48%.
Southwest Gas Corporation has increased its dividend payment by an average of 10.9% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Southwest Gas Corporation has a payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Southwest Gas Corporation to earn $3.59 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 55.2%.
Southwest Gas Corporation (SWX) opened at $79.68 on Tuesday. The stock has a market cap of $3,822.37, a P/E ratio of 23.55, a P/E/G ratio of 3.63 and a beta of 0.61. Southwest Gas Corporation has a fifty-two week low of $70.83 and a fifty-two week high of $86.65. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01.
Southwest Gas Corporation (NYSE:SWX) last issued its quarterly earnings data on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. The business had revenue of $593.15 million during the quarter, compared to analyst estimates of $579.40 million. Southwest Gas Corporation had a net margin of 6.64% and a return on equity of 9.56%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. equities analysts expect that Southwest Gas Corporation will post 3.42 earnings per share for the current year.
A number of brokerages recently issued reports on SWX. UBS AG raised their price objective on shares of Southwest Gas Corporation from $83.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, November 8th. Zacks Investment Research upgraded shares of Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub downgraded shares of Southwest Gas Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and set a $70.00 target price on shares of Southwest Gas Corporation in a research report on Monday, October 16th. Finally, KeyCorp reissued a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.00.
Southwest Gas Corporation Company Profile
Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc (Centuri).
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